Ethereum Foundation’s response to community backlash — dump more ETH
The Ethereum Foundation, de-facto figurehead of the Ethereum ecosystem, has responded to community frustrations by proving that it does in fact use the chain… to dump ETH. The complaints have generally been focused on the foundation’s lack of leadership, which many feel is to blame for Ethereum’s limited price action compared to bitcoin (BTC), SOL, and other major cryptocurrencies. #PeckShieldAlert #EthereumFoundation has swapped 100 $ETH for 336.5K $DAI pic.twitter.com/gdFkTAbebh — PeckShieldAlert (@PeckShieldAlert) January 20, 2025 Read more: Ethereum Foundation blasted for EigenLayer conflicts of interest However, the foundation’s efforts to engage with the criticism have largely come across as being out of touch . Initial attempts were seen to be missing the point when the official Ethereum X account simply posted “hello world computer.” While later examples of how the foundation actively uses the chain essentially boiled down to selling ETH (and sending...